Release Date: February 3, 2011
Dallas, Texas – glendonTodd Capital LLC, a private investment firm that focuses on middle market technology-enabled business services companies, announces the acquisition of Chemical Information Services (CIS) from Vendome Group by glendonTodd Capital, Hoak & Co., and other investors.
Based in Dallas, Texas, CIS is the essential, most trusted provider of information services to the pharmaceutical and chemical industries in more than 140 countries worldwide. CIS has served procurement and sourcing specialists for more than 40 years through its proprietary Directory of World Chemical Producers (DWCP) and other databases.
The F&M Bank & Trust Company is the senior lender for the transaction; BIA Digital Partners provided a mezzanine investment. Vendome Group was advised by MHT Partners.
“We at glendonTodd Capital LLC are pleased to have led an investor group in the successful acquisition of CIS, an established company that presents a strong platform for significant growth opportunities to further build upon its 40-year position as a leading source of insights and services to the chemical and pharmaceutical industries,” said Todd Furniss, Managing Partner of glendonTodd Capital LLC. “We are most appreciative to all parties involved, including the lending team that was instrumental in enabling us to move the transaction forward in a diligent and timely manner.”
The Vendome Group is a leading media company serving professionals in the healthcare, real estate and construction industries with cutting edge information, analysis and education. Its portfolio includes such leading brands as Healthcare Design, Healthcare Informatics and Long-Term Living.
About Chemical Information Services LLC: Chemical Information Services LLC is the world leader in providing distribution, regulatory, innovative, production and safety information to the chemical and pharmaceutical industries. Their flagship product, the Directory of World Chemical Producers, is the choice of sourcing professionals around the globe for over 40 years. Recently, CIS has partnered with Becker & Associates, an industry leader in the identification of and production processes of life science molecules from basic commodities through the most complex fine chemicals. Their Future Generics database will provide companies with a Global Resource for Life Science Molecules from Discovery to Market. For more information, please visit www.chemicalinfo.com.
About Vendome Group, LLC: Founded in 2004 with offices in NYC and Cleveland, the Vendome Group is committed to creating high value information and events for professionals in the healthcare, real estate, and construction industries. From award-winning magazines and websites to educational events and marketing solutions for our industry partners, our mission is to improve the productivity and efficiency of our customers and provide them with all the tools they need to profitably bring their services and products to market.
About MHT Partners: Founded in 2001 with offices in Dallas, TX and Boston, MA, MHT Partners is a middle market investment bank focused on high-growth companies across a range of dynamic and rapidly evolving industries including tech-enabled services, information, education and consumer products and services. MHT delivers sophisticated execution capabilities to owners of businesses with enterprise values generally ranging from $30 million to $300 million. MHT has a passion for serving dynamic growth companies. For almost a decade, MHT Partners has been driven by the belief that emerging industry leaders deserve a high level of service and strategic counsel early in their development. Well before Wall Street began to grapple with issues of conflict and risk-management, MHT determined to deliver unbiased execution expertise and unique strategic insight to help their clients achieve transformational M&A and financing transactions in the middle market. MHT Partners conducts its investment banking activities through MHT Securities, L.P., a member of FINRA/SIPC.
About The F&M Bank & Trust Company: The F&M Bank & Trust Company is a 64-year old institution with approximately $1.5 billion in total assets. F&M is positioned to provide significant lending capacity to its commercial clients and other products designed to assist those clients with day-to-day operating needs. In addition to Commercial Middle-Markets, the bank’s focuses include Energy Lending, Healthcare, Equipment, Treasury Management and other traditional depository services. For more information about F&M, visit www.fmbanktexas.com.
About BIA Digital Partners: BIA Digital Partners is a private investment firm, managing approximately $280 million. Financing is available for acquisitions, organic growth, recapitalizations and leveraged/management buyouts among other purposes. BIA Digital Partners maintains a focus on mid- to later-stage companies operating in the media and entertainment, telecommunications, information, education, business and consumer services industries. Investments generally range from $5 to $15 million and are typically in the form of subordinated debt with warrants or preferred equity. For more information on BIA Digital Partners, please visit www.biadp.com.
About glendonTodd Capital LLC: glendonTodd Capital is a private equity firm focused on companies in the technology enabled business services sector and healthcare sector. The firm has a global orientation, strong operational background and holds firm the belief that investments led by people who have experience in the industries in which they are investing makes a material difference in the quality of the investment outcome. For more information, please visit www.glendontodd.com.
About Hoak & Co: Hoak & Co. is a Dallas, Texas-based investment firm that seeks to invest its capital in public and private securities, as well as with other funds and investment vehicles. The firm’s objective is to achieve superior investment returns through long-term capital appreciation, created primarily through investments in management buyouts, growth capital, industry consolidations, recapitalizations, private equity placements and other public or private equity or equity-related securities.
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